Generic Sevco / Rangers meltdown thread

[Heisenberg]

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http://forum.rangersmedia.co.uk/topi...e-park/?page=8

The legendary words of 'goaded' and 'great restraint' appear. And I'm pretty sure someone was wanting Griffiths booked for pushing the fan?!?

What a hilarious read that is. They seriously think because someone has celebrated in front of them on the pitch it's ok to go and try to attack them. Extremely sore losers. I liked the part where some of them have the audacity to call the guy out for being a total weapon but the rest shout them down because "he was the only bear on the pitch to show any fight". Utter ****.

[Hibby70]

21st May has truly broken them.

[connerg]

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21st May has truly broken them.

and Hearts.

[Moulin Yarns]

I can't do the full updates today, but next witness is
Ian Shanks says that in 2009 he was a"relationship director" in Lloyd's "business support unit."Dealt with firms with financial issues


Witness says in 2009 Rangers had a term loan of £18m an overdraft of £15m, asset finance facility of £4m and an "interest rate hedge"

Shanks says Lloyd's group were "keen to reduce our exposure to the Murray group, which included Rangers"

[ancient hibee]

Seems BofS banked with Murray rather than the other way round.

[Moulin Yarns]

Shanks confirms Rangers had previously used Ticketus for short term working capital

[Moulin Yarns]

Donald Findlay now cross examining 'Shanks the banks'



Shanks agrees Murray group owed "hundreds and hundreds of millions of pounds" to the bank

[Moulin Yarns]

Beginning to get interesting.

Donald Findlay cross examining


Findlay asks how the bank viewed decline ofRangers playing squad due to lower wages. Shanks says is about "Workingwithin your means"

Findlay "we have all sorts ofdocuments that people thought would never see the light of day" "Wewere keen board grant approval"

Shanks "We were keen the independentboard would grant approval or we would look at their banking facilities"Email

"We would could call in the debt ifJohnson does not agree..could lead to to him being disqualified as adirector" Shanks doesn't recognise

LUNCH!!

[Moulin Yarns]

Email "Martin Bain has sent letter toboard asking for £1m to go" adds "we believe contract is invalid asnever ratified by board"

Email continues on Martin Bain; "I'msure the Rangers fans would be interested in what he'd been up to when club infinancial difficulties "

Email continues "Been in contact witha few selected journalists yesterday.. attention turned away from BMGboard"

Findlay "The bank was going to themedia to protect its image"? Shanks "We didn't trust the Rangersboard"

Findlay "This was the mess Mr Whytewas going into

Email "If Craig does not put in thecash he will be hounded by the fans, not Murray" Findlay "what doesthat have to do with the bank?"

Findlay "All the wotsit would fall onhis [Whyte's] head not the banks. Murray knew there were no guarantees"Shanks "Correct"

Shanks agrees Murray knew there was noguarantee on spending. Findlay "No-one cared because it was just going tofall on him."

Findlay: "The image conscious Lloyd'sbank" Shankd" "All about managing our exposure to the club"Findlay "It always comes down to that"

Findlay "None of you gave a thought tothe institution that was Rangers Football Club, nobody cared."

Findlay "Lloyds bank were onlyinterested in two things, their money and their image" Shanks "Wewere interested in getting our debt repaid"

[Hibrandenburg]

Thanks GF.

[Keith_M]

Findlay sounds a bit too obsessed with his beloved Rangers 'institution'.


I get the feeling he's engaged more in a personal crusade than just defending his client.

[Just Alf]

Starting to think that also... Disnae make it anyess enjoyable tho!

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[HoboHarry]

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Findlay sounds a bit too obsessed with his beloved Rangers 'institution'.


I get the feeling he's engaged more in a personal crusade than just defending his client.

Personally I couldn't care less, as long as the end result is that the Ibrox goose is thoroughly cooked at the end.....

[Eyrie]

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Findlay "Lloyds bank were onlyinterested in two things, their money and their image" Shanks "Wewere interested in getting our debt repaid"

As opposed to bending over backwards for Murray and chucking ever more cash at Huns RIP, which was the case when Findlay was a director.

[greenginger]

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As opposed to bending over backwards for Murray and chucking ever more cash at Huns RIP, which was the case when Findlay was a director.

I think it was the Bank of Scotland that kissed the blue-noses ass and became insolvent in the process, forcing Gordon Brown to beg Lloyds to launch a rescue deal for the bank.

I doubt the Lloyds guys knew much about Rangers before they got the Murray Cluster-F*** dumped on their desk.

[Eyrie]

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I think it was the Bank of Scotland that kissed the blue-noses ass and became insolvent in the process, forcing Gordon Brown to beg Lloyds to launch a rescue deal for the bank.

I doubt the Lloyds guys knew much about Rangers before they got the Murray Cluster-F*** dumped on their desk.

My apologies to Lloyds.

Sounds like they helped bring about Huns RIP's demise by informing Murray that bank loans need to be repaid, not increased, hence his panic to sell.

[Phil MaGlass]

So whats everyones thoughts of an outcome. Keep it simple,please ☺

[jacomo]

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So whats everyones thoughts of an outcome. Keep it simple,please ☺

It's all Craig Whyte's fault. He duped a Knight of the Realm whose only crime was loving Rangers too much.

[Phil MaGlass]

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It's all Craig Whyte's fault. He duped a Knight of the Realm whose only crime was loving Rangers too much.

Kiss and make up

[ancient hibee]

Not Proven.

[Hibby Kay-Yay]

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So whats everyones thoughts of an outcome. Keep it simple,please ☺

Very public, very painful demise

[Phil MaGlass]

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Very public, very painful demise

That would be nice, we can love in hope

[CropleyWasGod]

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So whats everyones thoughts of an outcome. Keep it simple,please ☺

Too early to say. There's weeks of it yet.

The verdict will probably be secondary, though, compared to the sub-plots that are being played out.

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[Kato]

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My apologies to Lloyds.

Sounds like they helped bring about Huns RIP's demise by informing Murray that bank loans need to be repaid, not increased, hence his panic to sell.

That was the catalyst for the house of cards starting to crumble. EBT's became public knowledge around that time too.

[ancient hibee]

BofS used to bankroll every club in the top division except Celtic and also a good few further down.They also sponsored the SPL for a while.Lloyds couldn't believe their eyes.

[Billy Whizz]

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Too early to say. There's weeks of it yet.

The verdict will probably be secondary, though, compared to the sub-plots that are being played out.

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Whatever the verdict, you can be sure there will be an appeal

[CropleyWasGod]

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Whatever the verdict, you can be sure there will be an appeal

Can there be an appeal if he is found not guilty? I'm not sure.

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[Deansy]

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So whats everyones thoughts of an outcome. Keep it simple,please ☺

Until the 'verdict's announced, it's a comforting thought that 95-97% of the Scottish football-media will probably be s******g themselves senseless in case any blame whatsoever is laid at Murray's door - the thought of having to say/broadcast/print truths about him will be pushing many 'journalists/editors' close to the edge !

Imho, this is just the closing-stages of their scam - Whyte to get 100% of the blame and Murray to get off scot-free as was planned from the start. After the farce with Nimmo Smith I've little faith in the Scottish-courts delivering justice where the Hun are concerned !

[Dashing Bob S]

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Until the 'verdict's announced, it's a comforting thought that 95-97% of the Scottish football-media will probably be s******g themselves senseless in case any blame whatsoever is laid at Murray's door - the thought of having to say/broadcast/print truths about him will be pushing many 'journalists/editors' close to the edge !

Imho, this is just the closing-stages of their scam - Whyte to get 100% of the blame and Murray to get off scot-free as was planned from the start. After the farce with Nimmo Smith I've little faith in the Scottish-courts delivering justice where the Hun are concerned !

Agree with this sadly. More chance of Hitler being done for the Reichstag fire in 30's Germany than the Huns figurehead Murray taking his share of blame in present day Scotland.

[Keith_M]

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Until the 'verdict's announced, it's a comforting thought that 95-97% of the Scottish football-media will probably be s******g themselves senseless in case any blame whatsoever is laid at Murray's door - the thought of having to say/broadcast/print truths about him will be pushing many 'journalists/editors' close to the edge !

Imho, this is just the closing-stages of their scam - Whyte to get 100% of the blame and Murray to get off scot-free as was planned from the start. After the farce with Nimmo Smith I've little faith in the Scottish-courts delivering justice where the Hun are concerned !

The DR has already started.

They have an article in today's issue explaining why none of it is Murray's fault.